Tah Tong Textile Co., Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 13, 2019 at 07:05 pm EDT
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Tah Tong Textile Co., Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 356.936 million compared to TWD 442.429 million a year ago. Operating loss was TWD 85.846 million compared to TWD 71.610 million a year ago. Net loss was TWD 94.348 million compared to net income of TWD 1,194.733 million a year ago. Basic loss per share was TWD 1.21 compared to basic earnings per share of TWD 15.3 a year ago. Diluted loss per share was TWD 1.21 compared to diluted earnings per share of TWD 14.97 a year ago. For the half year, sales was TWD 735.594 million compared to TWD 869.131 million a year ago. Operating loss was TWD 152.082 million compared to TWD 114.805 million a year ago. Net loss was TWD 163.933 million compared to net income of TWD 1,122.644 million a year ago. Basic loss per share was TWD 2.1 compared to basic earnings per share of TWD 14.56 a year ago. Diluted loss per share was TWD 2.1 compared to diluted earnings per share of TWD 14.25 a year ago.
TAH TONG TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and sales of textile products. Its products include yarns and fabrics. Its yarn products include pure cotton yarns, functional blended yarns, core spun yarns and slub yarns, among others. Its fabric products include cotton gray fabrics, blended gray fabrics, elastic gray fabrics, finished fabrics, knitting fabrics and other functional fabrics, among others. The Companyâs products are mainly applied in the manufacture of apparels. The Company operates businesses in Taiwan, Japan, Hong Kong, China, Europe and America, among others.